MIRA INFORM REPORT
|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MANN INTERNATIONAL INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
606, Sector 14, Gurgaon-122001, Haryana |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.01.1988 |
|
|
|
|
Com. Reg. No.: |
05-030183 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.471 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999HR1988PTC030183 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Industrial Projects, Machines, Games and Jewellery. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 65000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The profit and loss statement as on 2011-12 is not available. As per available (i.e. balance sheet) as on 2011-12, there are no
external borrowings recorded. Financially the company seems to be strong. Trade relations are fair. Business is active. Payment terms are slow
but correct. The company can be considered normal for business dealing at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Miki Mann |
|
Designation : |
Director |
|
Contact No.: |
91-124-4082511 |
|
Date : |
14.06.2013 |
LOCATIONS
|
Registered Office / Factory : |
606, Sector 14, Gurgaon-122001, |
|
Tel. No.: |
91-124-4082511 / 2325146 / 4082511 |
|
Mobile No.: |
91-9810899936 (Mr. Satvir Singh Mann) |
|
Fax No.: |
91-124-2325146 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
250 Sq. yards |
|
Location : |
Owned |
|
|
|
|
Branch 1 : |
No. 157, Pocket-3, Sector-12, Dawarka, New Delhi, India (near
international Air Port) |
|
|
|
|
Branch 2 : |
24, hours permanent site No-2318/G/3, Mann Avenue Rajeev Nagar,
Gurgaon, |
|
E-Mail : |
DIRECTORS
As on 13.09.2012
|
Name : |
Mr. Satvir Singh Mann |
|
Designation : |
Director |
|
Address : |
606, Sector-14, Urben Estate, Gurgaon-122001, |
|
Date of Birth/Age : |
29.02.1948 |
|
Qualification : |
B. Ds |
|
Date of Appointment : |
13.01.1988 |
|
DIN No.: |
01165746 |
|
|
|
|
Name : |
Mr. Miki Mann |
|
Designation : |
Director |
|
Address : |
606, Sector-14, Urben Estate, Gurgaon-122001, |
|
Date of Birth/Age : |
10.12.1974 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.02.2008 |
|
DIN No.: |
02038972 |
|
|
|
|
Name : |
Ms. Kunjumol John |
|
Designation : |
Director |
|
Address : |
957, Sector-14, Urben Estate, Gurgaon-122001, |
|
Date of Birth/Age : |
15.07.1965 |
|
Qualification : |
BBA |
|
Date of Appointment : |
23.12.1998 |
|
DIN No.: |
02056980 |
|
|
|
|
Name : |
Mr. Surender Kaur Mann |
|
Designation : |
Director |
|
Address : |
606, Sector-14, Urben Estate, Gurgaon-122001, |
|
Date of Birth/Age : |
07.09.1950 |
|
Qualification : |
BA |
|
Date of Appointment : |
13.01.1988 |
|
DIN No.: |
02529392 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 13.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Satvir Singh Mann |
|
17300 |
|
Miki Mann |
|
3944 |
|
Kunjumol Sebastan |
|
1010 |
|
Surender Kaur Mann |
|
2460 |
|
Total |
|
24714 |
As on 13.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Projects, Machines, Games and
Jewellery. |
|
|
|
|
Exports : |
|
|
Products : |
Industrial Plant and Machinery |
|
Countries : |
African Countries |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C / Cash / Credit |
|
|
|
|
Purchasing : |
L/C / Cash / Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers and End Users
|
|
|
|
|
No. of Employees : |
25 (Approximately) |
|
|
|
|
Bankers : |
Tel.
No.: 91-1128844067
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Grover and Grover Associates Chartered Accountants |
|
Address : |
B-42, Annene, Old DLF Colony, Gurgaon-122001, Haryana, India |
|
Tel. No.: |
91-124-2321321 |
|
PAN No.: |
ACSPG7391J |
|
|
|
|
Sister Concern : |
Judimann International Limited Address: Nigeria |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24714 |
Equity Shares |
Rs.100/-
each |
Rs.2.471 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.471 |
2.471 |
|
(b) Reserves & Surplus |
|
13.915 |
13.895 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
16.386 |
16.366 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
0.000 |
0.249 |
|
(b) Trade payables |
|
0.239 |
0.245 |
|
(c) Other current
liabilities |
|
0.062 |
2.343 |
|
(d) Short-term
provisions |
|
0.009 |
0.071 |
|
Total Current
Liabilities (4) |
|
0.310 |
2.908 |
|
|
|
|
|
|
TOTAL |
|
16.696 |
19.274 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2.800 |
2.800 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
4.413 |
5.013 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
7.213 |
7.813 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.145 |
0.145 |
|
(c) Trade receivables |
|
5.187 |
5.187 |
|
(d) Cash and cash
equivalents |
|
0.233 |
0.157 |
|
(e) Short-term loans
and advances |
|
3.702 |
5.664 |
|
(f) Other current assets |
|
0.216 |
0.308 |
|
Total Current Assets |
|
9.483 |
11.461 |
|
|
|
|
|
|
TOTAL |
|
16.696 |
19.274 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.471 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
13.815 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
16.286 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.004 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.004 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
16.290 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.800 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.145
|
|
|
Sundry Debtors |
|
|
5.854
|
|
|
Cash & Bank Balances |
|
|
3.420
|
|
|
Other Current Assets |
|
|
0.009
|
|
|
Loans & Advances |
|
|
8.407
|
|
Total
Current Assets |
|
|
17.835 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.245
|
|
|
Other Current Liabilities |
|
|
4.029
|
|
|
Provisions |
|
|
0.071
|
|
Total
Current Liabilities |
|
|
4.345 |
|
|
Net Current Assets |
|
|
13.490 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
16.290 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
Sales Turnover |
|
0.781 |
22.854 |
|
|
|
|
|
|
Profit/(Loss) After Tax |
|
0.080 |
0.351 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.02 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
30.59
|
3.94 |
4.10 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
Note:
Registered Office
of the company has been shifted from 5/1, Udyog Vihar, Gurgaon,
TRADE REFERENCES
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74999HR1988PTC030183 |
|
Name of the
company |
MANN INTERNATIONAL
INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
606, Sector 14, Gurgaon-122001, |
|
This form is for |
Creation of charge |
|
Type of charge |
|
|
Particular of
charge holder |
Bank of India, Parliament Street Branch, 4, PTI Building, Parliament Street,
New Delhi-110001, India |
|
Nature of
instrument creating charge |
Agreement Of
Hypothecation Of Plant And Machinery , Stocks And Book Debts. |
|
Date of instrument
Creating the charge |
06.11.2012 |
|
Amount secured by
the charge |
Rs.20.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Terms of Repayment On demand. Margin As prescribed by
the Bank from time to time. Extent and Operation of the charge First charge on
all the hypothecated movable assets Others The charge is
created to secure the following credit facilities granted by the Bank to the
Company :- A. Fund Based 1. CC (Against Hypothecation
Of Stocks & Book Debts) : Rs.2.500 Millions 2. PCL Against
Confirmed Order/Export LCs upto 180 days : Rs.20.000 Millions 3. FBP (DP/DA 120
Days) : Rs.10.000 Millions. B. Non Fund Based
- 4. LC (I/F) DP/DA
180 days : Rs.20.000 Millions 5. BG (I/F) :
Rs.5.000 Millions. Maximum of 1 to 5 : Rs.20.000 Millions. |
FIXED ASSETS
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.59 |
|
|
1 |
Rs.92.92 |
|
Euro |
1 |
Rs.78.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.